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of eastern europe now has flat tax is. in all these countries, revenues have boomed. there hasn't been a big craze this is anime and estonia. this in a past and estonia with 12% flat tax. the fact is supply-side economics is booming around the world. it's only in the united states that soul-searching and from this economics of enterprise. >> what is your analysis of what is happening in what donald rumsfeld recalled old europe? >> old europe is fallen with the indulgent dilutions of the welfare state. they've all accepted dependence on a show i've government and bass have destroyed the value of their assets. when you destroy the value of your assets, ultimately the human beings who make your economy go our investments and creations of work after. when you'd appreciate this asset, reliability is become impossible. if you unleashed the assets of your economy, allows the stock market to boom and thread began, then all of a sudden these liabilities they seem impossible today become manageable in the future. >> george gilder, when you see the fight in congress over the debt ceiling or tax breaks
's what is scary. the backdrop of the presidential year was europe. we know where this path leads. all this turmoil, the huge welfare and the low productivity and high unemployment that comes along with them, that was the backdrop of the presidential campaign. voters voted, and they said, yes, we are going to keep moving in that direction, kim. where do you think the electorat is here? is it be ibd hue the choices that -- is it behind the choices that jason suggested they might be? >> barack obamaus won this election by very effectively making this a referendum about his opponent, mitt romney. if you went out and asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obama care? most would say no. but in the end the choice was between a president who said things aren't great, but i'm going to still try to make them better, and a guy who he painted as not having a plan and not identifying with the average wants and needs of most middle class ame
previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better? >> that's what euro trades on, isn't it? pmis are all very interesting for the economist. but they want bigger stories. most of the news flow, it's helpful to the euro. people have been trying to affect this rally for a while. we are close to those october highs. the news flow has been good, i would say. >> we hit, what, nearly 131.80? >> before that, we go 131.40. the enthusiasm for euro is surprisingly good. we're surprised by how far this rally has gone on pretty thin news sometimes. >> i just want to recap what we've got. eurozone finance ministers meeting in brussels. an agreement still seems pretty elusive at this moment. germany and french finance ministers have very different views about oversight of banks. and in
. the intermediate nuclear forces treaty, or inf, led to the destruction of thousands of europe-based nuclear missiles on both sides. speakers here will include former assistant secretary of state richard burt, former u.s. ambassador to the soviet union, jack matlock, and will also there from former assistant secretary of state rozanne ridgway. the american foreign service association posted this hour and 20 minute event. >> i would like to wish all other good morning. one. i'm susan johnson, the president and i would like to extend a very warm welcome to you all. and thank you for coming to this important and special panel discussion. and also celebration of the 25th anniversary of the signing of the historic treaty. special thanks of course go to our panelists and our moderator, ambassadors matlock, ridgeway and bert, for sharing their experiences and reflections surrounded the complex negotiations that led to this treaty which was a significant factor in reducing dangers of the cold war. i'm sure you know all of these three imminent folks but i would just like to say a quick word. about th
democracy as eastern europe did 50 years ago? i'll talk to pulitzer-prize winning historian ann applebalm. we focus on decision making. in the depths of the financial crisis, the obama administration had an almost impossible choice -- save chrysler by injecting billions of taxpayer dollars, or let it fail and lose perhaps a million jobs. car czar steve rattner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week mentioned a number of sensible gun control measures. but he also paid homage to the washington conventional wisdom about the many and varied causes of this calamity from mental health issues to school safety. his spokesman jay carney said earlier this is a complex problem that will require a complex solution. gun control, carney added, is far from the only answer. let me respectfully disagree. the problem is not complex and th
deadlocked on how to resolve this crisis. noticed it, europe and arab nations are calling on a side to step down, loo but russia, chind iran continue to back assab. it states may well lose his status as the world's sole superpower by 2030. according to new report from the nationalst intelligence council. the united states to the obama intelligence rports suggestt wo will be first among equals as asia set to surpass north america and europe combined in terms of global power. joining us now to talk about implications for the foreign policy and wha in what is happen the middle east, john negroponte, the first director of national intelligence appointed by george w. bush serving five times as an investor and in his distinguished career in intelligence and diplomacy. great to have you with us. >> thank you. lou: let's start with the middle east. president morsi, ordering the military to arrest civilians. what is your reaction? >> i just think it is administration of the precariousness of the situation in egypt, but that situation is critical. we can't afford to see egypt go over some kind of a b
europe. and these guys are good. eventually they will develop an icbm that could reach the united states. >> the iranians are being continuing to amass technologies, learning how to enrich uranium, stockpiling low enriched uranium and it's getting to a level in which particularly one of iran's major rivals in the region, israel, is sounding the alarm bells and saying that the iranians are getting too close. >> graeme lawson, a great historian of the cuban missile crisis said that the iran nuclear issue is the cuban missile crisis in slow motion. (instrumental music) >> and north korea continues to make itself heard, regularly testing nuclear missiles despite international condemnation. >> it's estimated that the next time north korea tests a nuclear weapon it could be by highly enriched uranium, whereas the last two were believed to be through the plutonium route. so this is very problematic, not just because north korea having lots of fissile material is a bad thing, but north korea has a tradition of selling off anything that can garner hard currency on the open market. >> and though t
kinds of europe stuff. all anybody wants is fiscal cliff resolution. >> did the fed spook anybody yesterday? >> no, i don't think so. i really think what sold off yesterday is people were just concerned about the fiscal cliff again. the fed didn't really do anything. they put kindleing on the fire, if we get a fiscal cliff, there's an awful lot of money out there to get this market going. >> it just strikes me that a central bank now $85 billion new dollars per month into the financial system and buying treasuries to hold rates down, they're not going to let rates go up any. i just intuit that. >> no. there was some talk that perhaps what they signaled was higher rates sooner than 2015 and i think that's absolutely wrong. there's no way. this was an easing policy. they're putting more money into the system. they're not going to let rates go up any sooner than they need to. after most recession, they don't really raise rates until 18 months after. so i think 2017 is probably your number. >> 2017. all right. let me just ask you about some other stuff. japan rising. europe stocks doi
of the army? >> they are roughly 123,000 total. but pago is roughly the size of western europe. there are about 6000 deployed. no, that is the minusco, 6000 deployed in the east purdum i do not know the exact number of the congolese military in the east because it is a vast amount of area they are trying to cover with military troops. >> why is this such a big issue for the drc in order to be able to basically prevail in this situation? >> a slight provision -- revision. i think probably today, the m23 probably has up to 2000 troops. the sign -- i think he has pointed out the size of the congo, but i think it is important to graphically described the congo as a country that is as large as the eastern part of the united states from the atlantic to the mississippi. it is an enormous country, and since the split of sudan, it is geographically the largest in africa. the eastern congo is one of the most of a cold areas in which to operate -- one of the most difficult areas in which to operate. it is deeply for arrested in some places. and in -- is deeply forested. in some cases, a d
factors going on here too. europe and are drowning in debt. china has a near $3 trillion reserve surplus. you've got demographics. europe and america are aging rapidly. in europe the population is shrinking. there is no such demographic problem in china. you add it all together, debt, demographics and growth rate china is indeed on course to become number one fairly soon. gregg, hold on a second. there is a danger in just extrapolating out from current trends. what's in place will go on forever. we did that with japan 30 years ago. got that one wrong. maybe we shouldn't be extrapolating like this with china. gregg: the other thing that is very conspicuous here is the enormous trade imbalance with china. our trade deficit with china has tripled over the last 10 years. point of fact i just looked it up today. we export 7%. they export 23% to the united states. isn't that a job killer for americans? >> yes it is. there is no question about it. many of the jobs which our fathers and grandfathers had in the united states left a generation ago or 10 years ago, they left for china and that's ba
of contagion, a problem in europe, this ongoing crisis in europe could have a significant impact that could very easily send out a signal that it is a crisis. this last crisis is homegrown. but that doesn't mean that the next crisis cancer elsewhere. the financial crisis would be the first time. so we have that vulnerability and international shock that can bring a crisis home here. >> host: charles in gilroy, california. you on booktv on c-span2. what is your question for neil barofsky? >> caller: hello, are you hearing the okay? >> host: please go ahead, sir. we are listening. >> caller: i just realized that i got neil barofsky's book. i was on hold from the libraries for like six weeks. it's a popular book. the question is he mentioned that he is a democrat. at his high-level, i wonder how does that play. is it as important as he does his work? is it on his warhead that he is a democrat. would timothy geithner defer to him as opposed to a republican? how does that pedigree play at the very high-level of politics? >> well, i would say the only time it really benefited me in any way shape
economic times in europe and also the cooling of the luxury goods boom have really taken their toll. i believe consumption is expected to get better going into the beginning of the year, new year's and popping all and all of that kind of thing. still, even with that, it's not going to be enough to lift overall sales from a year earlier. and what's really interesting, chris, is that a downturn in -- it really shows that this drop in champagne shows that champagne's fortunes are very closely tied to europe's economic health and to the confidence of french consumers who account for half of champagne sales. >> all those bubbly french people. thank you so much. who knew that half of champagne sales are in france. thank you, mandy. >> thank you. >>> in the mood for a great burger to go with your champagne? food and wine is out with a list of best burgers. minetta tavern in new york city, in-in-out burger in california and michael's genuine food and zuni cafe in san francisco. there's a whole list on our website. raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economi
surpassed north maeshg and europe combined in terms of global power, based upon gdp, population size, military spending and technological spending. china alone will probably have the largest economy, surpassing that of the united states a few years before 2030. people because of technology, people really have more power than they've ever had before, individuals have more power an that can also cause problems with, you know, people using technology for ill means. >> is this the whole report? >> the 140-page rundown. i'm sure the president gets a bigger one. >> this is an intelligence report. >> yes. >> why on earth would anyone buy a jillion dollar card for starbucks. >> this is the question of the surgery. they had a $450 stainless steel elite card. now they're on ebay getting them for maybe $1,000. some is of the bids are up to $1,000. it's collectors item for the to be 1%. these starbucks limited edition gift cards have sparked a frenzy on ebay of people who want to hold on to this. >> it's the perfect gift for people who like to buy overpriced coffee already. >> you get perks, lik
in missiles, -- winding machine. these things are used in missiles. europe has tightened up. they have been working actively in china to buy european- american-chinese goods. the government is not completed, but they're not doing enough. we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chinese company that thinks it will keep it in china, but in fact it is going to iran. all it a country of tr concern. we're thinking maybe it is time that china is called out on that. china needs to be pressured to stop a local in the system internationally that is being created to keep iran from outfitting its centrifuge program. that effort over time has had tremendous success. with more and more sanctions, it is been more successful. more purchases stopped, more interdiction's, more trouble for iran to make progress. >> in terms of u.s. non- proliferation programs, david is emphasizing some of the holes that exist, particularly in controls and lack of enforcement of existing sanctions legislation. what is your assessment of non- proliferation pr
deduction will deteriorate. we are seeing a fiscal drag in europe. i would argue that we should smooth into this drag even more. make policy changes so next year the gdp is half of this speed limit. that would be consistent with extending an emergency program and some form of tax holiday. in terms of the debt ceiling, that needs to be increased. it would be nice to extend it at the next presidential election. it would be nicer to get rid of it altogether. it is anachronistic law that is a problem. it creates a great deal of uncertainty. as you can see, it can do a lot of damage to the economy. there are a lot of reasons why it is being considered to eliminate that ceiling. it should be carefully considered. at the very minimum, we should push this to the other side of the election. we do not want to address the debt ceiling on a regular basis. it is damaging confidence. on fiscal sustainability, we need deficit reduction in the next 10 years of about $3 trillion. to get there, a balanced approach would be $1.4 trillion in tax revenue. half of that would come through tax reform and the
ham was the commander of europe. mike his decorations, the defense superior medal. the legion ofmeter with two oak leaf clusters, the bronze star medal and the joint service commendation medal. it's a privilege to have general ham with us here today, and on behalf of everyone assembled i'd like to thank him for his service to the country. please join me in welcoming general ham the floor and thanking the homeland policy institute for convening this event. general ham. [applause] >> i think you can probably abbreviate that introduction and say, i'm a pretty old soldier who has around for a long while. but one of the things you didn't hear in the introduction is any experience in africa. in fact that puts me in the category of most who have served in the united states military, because africa has not been a part of the world in which we have focused a lot of attention. certainly not during the majority of my career. so, when i was asked by secretary gates to -- if was interested in taking on this responsibility, i replied, frankly, with a great deal of enthusiasm. not knowing quite what
the neighbors of syria and our allies in europe -- some of which have now been ahead of us like france, britain -- that we will focus in on this immediate, really potentially disastrous threat that assad will use chemical and biological weapons. >> you said a moment ago that iran is our most dangerous enemy. >> right. >> if so, how far should we be willing to go to prevent iran from acquiring nuclear weapons? >> well, you know, i just echo what everybody has said right up to president obama, that it's unacceptable for us to allow iran to become a nuclear state, that containment is not an acceptable alternative for all the reasons we know. i think that's absolutely right. it changes the whole balance of power in the middle east, it emboldens the terrorists like hamas and hezbollah that are agents of the iranian government. it probably, unless we're strong, leads some of our allies in the arab world to begin to accommodate to iran, and it's a threat to most of the rest of the world, including us. so, you know, the sanctions have been unprecedented, they're having an effect on the iranian economy
and europe are crashing on our shores? >> they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that's what a lot of americans don't understand. it's frustrating to me. >> there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. >> how are they doing that? >> president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in china and steel costs the same electricity costs the same the only way i can make business is to have better gimeequipment ane only way to have better equipment is to continually investment the only way to continually invest is make a profit. we are unable to invest in equipment capital accumulation increases wage growth decreases. >> there are a lot of big businesses that do okay. corporations are taxes at all. finding ways to be multi national. the
right now, europe the in a terrible recession. you've got huge problems or bigger problems in asia than we thought we were going to have. if we can get this right in the first half of the year, i don't think it will happen before the end of the you near. if we can do this right, we can bring in more revenue and reduce our costs and reduce what we're paying out to bring our debt into balance. i think it is a huge tunts for america that around the globe will make us proud and crealt jobs. it is tough but it is an opportunity and if the president gets it right, chi believe he will, we have a huge ability to see and acknowledge that revival that we've been waiting for. >> let me follow-up on the specific point on the affordable care act. this letter sentsdz by a republican governor. many of these ideas and combha that is what the republican governors said, indicating it should be up to the states to taylor their programs when it comes to implementing the affordable care otherwise known as the obamacare. should states have the flexibility? >> yes, that is what the president has said within r
cannot the other way around. and this makes as special among the nations of europe. our government has no power, expt that granted it by the people. it is time to check and reverse the growth of govenment, which shows signs of having grown beyond the consent of the governed. it is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and those reserves to the states or to the people. [applause] lou: reagan's original february 1981 plan proposed in that speech, enough cuts to bring spending down to 19 percentnt of gdp by 1984 ando balance the budget. the federal government started the 2013 budget year with a $292 billion deficit in the first two months. the nation not exactly on incorrect path to what was the reagan vision three decades ago. >> this is what democracy looks like. lou: a union demonstration turned violent. michig state pro worker law cutting in to union dues. unions don't like it. one of their state legislativ supporters says, there will be blood. we will s
england and the united states are different places but europe is kind of on the vanguard of the secularism movement, and to the degree that their leading religious institution looks irrelevant or out of step with the times, i think that there's important lessons for us here aut h religious groups and religious institutions accommodate themselves to the wider culture and one of the things that you're gonna see that on here at home, i think in 2013, is the gay marriage question, which is gonna be headed to the supreme court. so to what degree religious institutions can adapt to the larger culture is i think gonna be, there's gonna be a lot there. >> but for a lot of these religious institutions they don't adapt to the wider culture. you know, they take pride in saying, "well, we're counter cultural because we stand for what we believe is right, whether or not the culture agrees." and i think you're right. that's where it really, you know. >> that's where the tsion is. >> the clash comes when you talk about gay marriage because for a lot of religious institutions this is a faith issue, an iss
democrats and in europe. they need some time to be more able -- to be able -- they are very successful on the side of the opposition. right now in sight of the government, there is a tremendous responsibility. we have seen that from the parliamentarian elections were the muslim brothers in egypt but the majority. until the results, they lost 4 million of votes. this is why we have a responsibility in the united states to support democratic institutions not allowing any ideological block to hijack the revolution or the institutions. at the same time, not taking sides. that will have a negative impact. it is an important asset to combat the jihad tests or the extremists. -- jihadists or the extremists. the muslim brothers in tunisia .ccused this is why we have to a differentiates between the muslim brothers and the girondists. do not put all the islamists in one basket. -- jihadists. do not put all the islamists in one basket. are they committed to values. this is the most important thing. >> and we have seen in syria where they had a violent fight between the muslim brothers and the ala
: the waft is sweeping europe and soon to be on our shores. at juniper kitchen restaurant in ontario, he creates a revolutionary eating experience. show us how it's done. >> since you said you like mint chocolate chips, we're going to do that. so just straight, raw ingredients. mint and cocoa mint, put these together, a little syrup. a little chocolate. we're going to strain all that out. let's see what happens. there's the straw. >> reporter: it's like an ice cream cloud. with endless flavor combinations, he can turn any meal into a culinary quiz show. let's see if you can trip me up. >> this one might stump you. >> cherry? >> no. >> reporter: raspberry. >> that's it. >> reporter: round two, here we go. >> classic cocktail. you almost got it. >> reporter: is this a mojito? >> yes, it is. >> reporter: and i'm cuban and it took me that long to get that one. >> our hold friend tonya rivero. i still got to chew. i don't know about you. >> i don't know if he makes a potato chip vapor. >> i'm still going for it, though. >> you can still inhale those. >> that's how charlie sheen eats. >>> this
is the region that we used to call eastern europe has become very differentiated. it's no longer -- these countries no longer have much in common with one another other than the common memory of communism occupation. >> more with pulitzer prize winner on life in sowfout east germany, poll land and from the historical narrative "iron curtain" sunday night at eight on c-span's "q&a." >> up next, four speeches with republican scott brown and north dakota democrat retiring after 20 years in the senate. last day that i serve in this great chamber, which is a month shy of three years serving i still say and believe aside from my marriage to my wife gail of 26 years and the birth of my two children ayla and arianna serving for the great people of massachusetts in the people's seat has been the greatest honor of my life. i want to thank the people of massachusetts for that opportunity to think that someone like me whose parents were married four times each, lived in 17 houses and subjected to forms of abuses growing up has the chance to serve in one of the great
in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in t
headlines all over the world. conor powell begins with a financial crisis in europe. >> the eurozone continues with a huge financial hole. standard & poor's downgraded in nine countries in the union. financial ministers reaching an agreement on another greek bailout. a lot of trouble with debt ridden banks. europe demanding an end to stringent austerity measures that all this resulted in the eurozone going back into another recession. thirty-two people dead, including two americans off the coast of italy. when the cost of concorde a cruise ship runs aground >> more than 79 people killed and 8000 injured. a district court says that they would like to oust president hosni mubarak to life in prison. and mohammed morsi, of the muslim brotherhood party takes charge for it in november, he grants himself absolute power that brings thousands of protesters to the streets of cairo, egypt. three members of a russian all-female punk band stage a protest against vladimir putin are sent to jail for hooliganism. inciting worldwide protest and demand for the release. rupert murdoch launches into the
't. this is not a controversial technology. it's used in europe, okay? if it's used in europe, it's not a controversial technology. [laughter] that was not allowed. secondly, at the last minute they ordered a switch from multidose to single-of dose vials. why? the reason is because single-dose vials have less thimerosal, the chemical which contains a little bit of mercury that the anti-vaccine crowd says this causes autism, okay? in 2009 this has been thoroughly debunked for years, and yet obama's fda gave in to that. and partially, as a result, we had a vaccine shortage. what was the outcome of the 2009 h1n1 innewspaper wednesday saw? 61 million americans ended up becoming infected, 274,000 hospitalizations and 12,370 deaths. now, i'm not a person who says barack obama killed all those people. i don't believe that. okay? i don't believe the fda killed all those people. but i do believe that our bad policies contributed to this outcome. and how many of these illnesseses and deaths -- and think of the money involved, the billions of dollars in health care costs that we just wasted simply because we weren't prepare
to their passage into europe. whatever their private feelings, they say their criticism of imperialism were french in china where they claim to encounter racism unparalleled in any part of the world they had gone to. irritatingly stayed in branches of the ymca, the equivalent for grown men of the boy scouts and they were cheered on by enclaves of indians and especially -- the constant stated the dias pro-for the most of the globe remarkably a consequence of empire and counterweights to it. a different diaspora and yet similar manifestation of the internationalism supported -- in this clutch of circumnavigate errors, this international on his slightly later surface to her of the world. he came from a privileged russian family but that was of no help when he found himself on the losing side in the russian civil war during that country's revolution. as a white russian stranded in china the man without a country so destitute that he made his way to shanghai overland and a mix of men's and women's clothing. in shanghai he obtained passports, documents of the league of nations have begun to issue to sta
deficit stripping our gdp. >> and right now europe is in a relatively deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. how long will that be the case if we go over the cliff? >> won't be the case for long if we have a recession followed by a typical bear market. lou: how long to get to recession -- >> we can get there pretty quick. in fact, some of the down downdrafts are starting to form. we saw those in the q3 gdp numbers were sinking into @%ntraction. lou: 2.7 -- >> employment reports gnar november and december, not surprised if gains in private sector payrolls are well over 100,000 new jobs. lou: that would not be good. baseline at least, i think, for passable is 125. what's your judgment? >> about the same, okay, that's a c-minus grade, get a "c" if we hit 150. lou: might say a "d" looks good. thank you for being here. more ahead taking that and politics of it all with the a-team next.
in washington. everywhere else, go to paris, london, europe, the arab world, you read their press, and everybody knows, or everybody criticizes or accuses the obama administration as being a partner as pushing or helping the morsi government, and before that, the muslim brotherhood. it's a well-known reality. only in the hallways of the washington, political establishment, the question should be why? why did the obama administration from day one from tahrir square, rather than teaming with the youth, women, middle class, labor, and he sided with the muslim brotherhood, and that question basically, if we answer that question, we would know what would be the future of the policy in egypt. lou: eric, you cautioned against trusting morsi from the outset, and now, it appears, we are trying to persuade russia to end their support for assad. how effective do you think that ever will be? >> i think it will be very uneffective, and i'm afraid we waited way look on syria. 30,000 people have been killed. now reports of gas loaded on to bombs to be dropped # on them, and i think we really have to be very co
to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress report because there is no progress to report. the white house has wasted another week. there are a lot of things that are possible to put the revenue on the table, but none of it is going to be possible. the president insists on his position. insists on my way or the highway. lou: inconveniently the congressional budget office today reported that the federal deficit is already bulging. the cbo reports for the first two months of fiscal 2013 that number $2,902,000,000,000, $57 billion more than the same two month time span last year. and the labor department today reported the unemployment rate fell to the 77%. good news, the lowest jobless rate in four years. the lower unemployment rate, however, the consequence of the more than 300,000 people who dropped out of
spending cuts. that's the austerity trap that europe has found itself in, and it would be crazy for us to go in that direction. >> before we go, very quickly, yes or no. do we have a deal by the end of the year? >> yes. >> and what about you, doug? >> marginally, yes. 60/40 in favor of a deal but they've got to get moving. >> we'll have to see if it's a real deal or another kick of the can down the road or some other interim thing. thanks for being here. >>> "outfront" next, the u.s. military draws up new plans for a potential strike against syria as we learn more about that country's stockpile of chemical weapons. >>> plus -- the u.s. supreme court agrees to take on the issue of gay marriage. and is that a signal, is that a signal that for republicans, it may be time to reconsider its view on this? >>> and a nurse duped by a prank call leaking information about the duchess of cambridge is found dead. all of that coming up. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's heal
china, india and europe are on our shore. >> they're having government subsidies to chinese products so they can put guys like you out of business and that's what a lot of americans don't understand. it's frustrating to me, that's correct. but there's probably a lore important point about the product and that is that our government is making it difficult for us compete. and the tax policy, president obama is telling small business people like myself, he's going to help out by raising taxes. . the only way is to invest in equipment and fuel costs the same, electricity costs the same. the only way i can have more is to have better equipment. the only way to invest is to be profitable and removes small profits and unable to-- wage gross decreases. >> a lot of businesses seem to do okay. ge didn't pay any taxes, so biggest organizations are finding ways to be circumvent the complexities of tax keyed. as a small business operator, do you get to do those things? >> when president obama came to hat field, pennsylvania, down the street, about a week ago,way discovered by the press and we nighee
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